Samsung C&T and LS Electric are joining forces to develop energy storage projects in the US, starting with a 500-megawatt battery facility as both Korean industrial giants seek to expand their footprint in the growing renewable energy market.
The partnership, formalized through a memorandum of understanding, divides responsibilities between the two companies. Samsung C&T will handle development and permitting processes, while LS Electric will provide technical expertise and power solutions.
The collaboration marks a shift in strategy for Samsung C&T, which has primarily focused on selling solar project rights before construction in its US operations over the past three years. The company is now moving toward a more integrated business model through joint ventures.
For LS Electric, the deal represents an expansion of its energy storage business into North America, building on its existing operations in Japan and Europe. The company plans to leverage its experience in transmission and distribution technologies to address grid stability challenges in renewable energy projects.
The 500MW project, still in early development, will be the first test of the partnership’s ability to compete in the US energy storage market, which has seen increasing demand as utilities seek to balance intermittent renewable power generation with grid stability requirements.
Neither company disclosed financial terms or the planned location of the facility.
